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          <h1>New Regulations Set Conditions for Converting Shipping Bills Under Instrument-Based Schemes, Ensuring Compliance and No Prior Benefits</h1> The Shipping Bill (Post export conversion in relation to instrument based scheme) Regulations, 2022, outlines conditions and restrictions for converting shipping bills and bills of export. These include compliance with all conditions of the desired instrument-based scheme, ensuring the exporter has not benefited from the previous scheme, adherence to regulations for presenting shipping documents in the Customs Automated System, absence of any legal contraventions or investigations against the exporter, and that the shipping documents relate to an instrument-based scheme.

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